We live in WA (no income tax so far), but are looking at an investment property in OKC. Does it matter which place our tax accountant is in?

Thank you Jon, Scott, Nathan and Bjorn. We'll go with your collective wisdom. I appreciate your time. Pax, Julie

Competency outweighs location in my book.

@Julie FlynnWashington has a unique tax obligation called the B&O Tax(Business and Occupation Tax) for certain businesses.Washington in general does not have a state income tax filing obligation so you don't need to find a CPA who specializes in your states tax laws.You created a post on biggerpockets regarding LLC's and loans - You should make sure that the professional you choose understands LLC taxation and the rules surrounding that.If you will acquire a property in OKC, you will be required to file a federal return + Oklahoma non-resident state tax returnBest of luck

@Julie Flynn I live in Wa my accountant is in Ca. It is not that difficult for your CPA to master the regs in a different state. More important is that your CPA has lots of clients involved in REI.

@Julie Flynn What happens if you buy an investment property in a 2nd state? Location does not matter. Experience with REI is key.

I've always used a local CPA, until this year. My CPA was doing a great job filing, but she wasn't helping us plan for the future or giving me guidance on how to reduce my taxable income. I recently hired a new CPA that works with a lot of real estate investors and she's been great! We're expecting to save about $40,000 in taxes and may actually get a refund. I'm so glad we made the switch.

From my experience as a CPA, about half are local and half aren't. Even for those who are local, most communication is online. It's really about your personal preference. WA is an easy state for people to get remote CPAs as there isn't a state filing requiment.

Thank you, Basit. That's quite helpful!

Should my tax accountant be in the state I live in?Should my tax accountant be in the state I live in?

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Should my tax accountant be in the state I live in?

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